Commonwealth Bank has made the most headway of the major banks in culling wealth management and insurance activities from its operations, but CEO Matthew Comyn is still sweating over announced deals that are yet to get over the line. read more

Silver Chef has issued a scheme booklet ahead of shareholder meetings called to approve the takeover of the embattled finance company by a consortium of investors led by private equity firm Next Capital. read more

The Australian Office of Financial Management will not require a minimum track record before investing Australian Business Securitisation Fund assets in an SME lender’s warehouse. Nor has it specified a minimum tranche size. read more

After two months of term deposit rate adjustments, the average rates for key terms – three, six, nine and 12 months, and three and five years – are now in a narrow band between 1.79 per cent and 1.91 per cent. That is a range of just 12 basis points. read more